Harshal Mahadev Nakshen, a visionary entrepreneur from Yavatmal, Maharashtra, announced his venture AI Cars on the latest episode of Shark Tank India Season 3. Nakshane is the brain behind India's first hydrogen-based vehicle manufacturing startup with artificial intelligence, which wowed the judges. With his innovative pitch.
Nakshine and his dedicated team spent 18 months in a modest garage in his hometown building an impressive prototype model to present to the Sharks. Powered by hydrogen fuel cells, this AI car boasts a short refueling time of 5 minutes and an impressive range of over 1,000 kilometers, all achieved with an investment of Rs 6 million.
Despite initial skepticism, Nakshane took a thrilling test drive around Mumbai's Film City and demonstrated the capabilities of his work. The judges, including Anupam Mittal, Namita Thapar and Vinita Singh, were in awe as they watched the AI move smoothly through the busy streets. However, Mittal raised pertinent questions about the practicality of AI car designs.
Resembling a sleek sports car, the prototype showcased the fusion of cutting-edge AI technology and automotive engineering. However, despite the impressive demonstration, the Sharks rejected the investment, citing concerns about the lack of market and infrastructure for AI and hydrogen-powered vehicles in India.
Recognizing Naxane's ambition and dedication, the Sharks advised him to apply his talents to an established car company, where he could contribute to larger technological advancements. Zomato's Deepinder Goyal urged Nakshane to keep his ego aside and face the practical challenges ahead.
In his closing remarks, Mittal praised Nakshane's ambition, but stressed the importance of realistic goals and prudent decision-making in the face of difficult obstacles.
